3) According to Nomura Securities strategist Jens Nordvig,
there’s considerable near-term uncertainty over whether the
country’s parliament will ratify the plan. ”If parliament rejects the
deal … a form of euro exit is once again a risk to consider,” Nordvig
said.
That is at the root of why Cyprus, a tiny island nation in the Mediterranean, matters to the global markets.

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My view on this problem:

Dear Friends,

The market will consolidate not because of a tiny island called Cyprus! It will consolidate because the market has gone up too much already! If it is not Cyprus, it will be any other nation. We did predict the market would consolidate either in March or April.

You can see the media is playing its part to blow up this incident. We hope the market drop. If it drops, it is a chance to buy in!

Do not worry about the Europe collapse. It won't happen! Do not forget we have an election in Germany in September this year! Chancellor Merkel will help to solve this issue if Cyprus incident blows up.

Do remember that this wont be TOO BIG incident. Any drop will be fast and swift. It probably wont drag long. I am just scared the market won't consolidate now.